The net turnover for the quarter landed at SEK 100.8 million, a decrease of 8 percent from SEK 109.7 million during the corresponding period of the previous year. Operating profit amounted to SEK 2.8 million compared to SEK 9.4 million last year, resulting in an operating margin of 2.8 percent. The loss of profit is mainly explained by the lower net turnover, which is only partially compensated by reduced personnel costs.
According to the company's CEO Robin Gustafsson, competition for business within digital commerce remains very high.
The second quarter was characterized by a challenging market situation. The market is still characterized by an excess of delivery capacity, which means fierce competition for the deals that are carried out and continued pressure on prices and margins, comments Robin Gustafsson.
Within the main segment Commerce, the development among existing customers is said to have stabilized somewhat, but the general willingness to invest remains restrained. One area where interest, however, remains high is artificial intelligence within digital commerce. The company is therefore strategically investing in AI-supported and agent-based software development.
We see this as an important step to increase both quality and productivity and expect the first deliveries where agents have played a crucial role to be carried out in the autumn, says Robin Gustafsson.
While the company adapts the organization and cost level to the lower turnover, investments continue to be made to be ready for a turnaround.
Even though the market remains challenging, we continue to invest in areas where we see long-term demand, while adapting the business to current market conditions. This gives us better opportunities to take advantage of the opportunities that arise when the market recovers, concludes Robin Gustafsson.